User guide Adverse Tool
- Important to input all data accurately.
- Monthly segmentation is as used by the lenders. For convenience use the number of months calculation fields.
- Lenders differ in their assessment of adverse. For some it is the value, others use number of events and some use registered date only. Some also needs the adverse to be satisfied, while others don’t.
IMPORTANT: for “satisfied” credit, ensure that the total monetary value of the satisfied credit is used. It needs to be equal or higher than the unsatisfied value.
Example below shows 2 Unsecured defaults, one registered month 43 – 48, with value of £600 and another month 25 – 36 with value £100. Both satisfied month 10 – 12. Monetary value satisfied equals monetary value registered. If the monetary value for satisfied is less than 700 it will be treated as unsatisfied.
4. Scroll down to obtain results.
5. Lender mapping – shows a detailed breakdown of matches, allowing adviser to have further discussion with the lenders.
